Vermont § 4951 - Contract for joint municipal development
Full text of Vermont Vermont Statutes Online § 4951 — Contract for joint municipal development, with citation guidance and answers to common questions.
§ 4951. Contract for joint municipal development
- (a) Any two or more municipalities, as provided in this chapter, may enter into contracts
with each other, provided a vote of a majority of those voting at an annual or special
meeting warned for that purpose grants authority to the respective legislative branches
of each municipality to enter into such contracts, for the purpose of developing real
property for industrial, commercial, or residential purposes. These contracts may
provide that the respective municipalities be authorized to do the following: (1) Apportion such sums of money as shall be paid as an annual tax upon such property
among said municipalities; (2) Make application for, receive, or expend State, federal, and private development grants; (3) Enter into contracts with consultants, engineers, architects, and other experts for
services; (4) Enter into contracts pursuant to section 2741 of this title relating to taxation of real and personal property; (5) Acquire, manage, lease, mortgage, or sell interests in real property; (6) Borrow money and issue evidence of indebtedness as provided in chapter 53 of this
title; (7) Adopt bylaws to govern its procedures; (8) Any other matters necessary and proper in attaining the purposes of this section. (b) If the contract entered into under this section includes the authority to borrow money
or issue evidence of indebtedness, the contract shall also specify how the obligations
to be incurred will be apportioned and may provide that any obligation incurred by
a member municipality shall not affect the limitation of indebtedness of that municipality. (c) Any contract entered into under this section shall: (1) be filed with the clerk of the respective municipalities and made available for public
inspection; (2) continue in full force and effect for the term specified therein or until modified
by mutual agreement of the legislative branches of each municipality. (Added 1983, No. 21.)
Frequently Asked Questions About Vermont § 4951
What does Vermont Statutes Online § 4951 cover?
Section 4951 ("Contract for joint municipal development") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 4951?
A common citation format is "Vermont Statutes Online § 4951" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 4951 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.